Everything is going to ruin in order to save the over indebted property bubble.

Kenny4315

DaddyBear wrote: »

So what? My !!!!!!'s bigger than yours.

doubtful ....

The_Fox_3

Kenny4315 wrote: »

Doesn't bother me in particular, just makes you look like an idiot when you have no constructive argument, and just spout a load of nonsense.

I have already stated in previous threads that in my view house price will fall back this year by around 10% to 12%, no worries for me as I have my private residence almost paid £37k on £750k, :beer:and hold 50% equity in my BTL's, which have are on a lifetime tracker at 1.65% ABOVE BASE :beer:, and have full occupancy, as my tenants always stay for long periods, normally between 2 and 4 years.

Incidentally my main house is a 4 storey victorian townhouse, my BTL is 3 flats in a 3 storey victorian townhouse, which i own the freehold of.

Whatever you say Kenny:)

I always find when people start getting too personal towards individuals it speaks volumes.
Just remember i am on here attacking what see as a flawed business model and not anyone person, i don't(rarely) attack indivduals, unlike you.

I think the saying "He protesteth too much" is quit apt for your little rant.

DaddyBear

Pennywise wrote: »

I think the OP is spot on with this. I'm all for property to come back down to realistic levels and as a home owner I'm not a vested interest as it would cost me but I can see the bigger picture.

Because of high prices, rents are high, meaning the govt has had to pay out huge sums of money in housing benefits etc.

Because of high prices, public services cost more, i.e. higher rent for buildings, higher prices to buy, higher building costs, etc.

Higher prices have meant that people need higher wages, higher benefits, etc.

Basically, money from higher property prices is flowing into property owners hands at the expense of everyone.

Because of the tax rules etc, the government got very little back in the way of tax on the increase in property prices.

It's property prices that caused the recession and if kept at unrealistically high levels will hold back our recovery.

And as I say, I'm not saying that as someone destined to rent for life, as I have a property, not mortgaged, so a crash would mean I'd lose money, but I don't care about that as I see the bigger picture.

Fantastic post. This country has become globally uncompetitive and house prices are the main reason for this. House prices need to be controlled by high, annual taxes on second homes and BTL.

Graham_Devon

Theres a professional I work with, divorced about two year ago and has given up trying to fight for the house, mainly for the kids, as he wants them living in their home, rather than being seen as chucking them out.

Anyway, he's back to square one, and after dusting down, is ready to start again. And that really does mean, start again. He's on approximately 65-72k, that's the wage band.

He can't afford to buy. Granted, he does want a 4 bed house, but he does have his reasons, 3 of his own kids, and started a relationship with 2 kids in tow. So the old adage of "buy small" doesn't work here.

Anyway, that's my story for the day. He's now renting, but that's costing him, I would guess, based on what he's renting (needs to be in the immediate area cus of job, needs space cus of kids), it's probably costing him in the range of £1200 - 1700 a month.

I don't think he'd fall over himself to grab as much debt as he can, so he is probably wary of taking too much on.

However, key to all this, is how his attitude has completely changed. I suppose it does when you find yourself at the peril of high prices, after having enjoyed the rise with little care for others.

Kenny4315

DaddyBear wrote: »

Fantastic post. This country has become globally uncompetitive and house prices are the main reason for this. House prices need to be controlled by high, annual taxes on second homes and BTL.

what a load of S..., wages are the reason not house prices. The Chinese and Indians, have millions of workers prepared to work really hard for virtually no money, or even the Polish (coming to the UK) are prepared to work harder than UK citzens for less money, simple as.

Before the house price boom UK industry was already ....ed, and has been declining for decades.

The problem in the UK is everyone wants everything handed on a plate and moan about it when they haven't got what they feel is OWED to them, instead of taking personal responsibility for it.

The_Fox_3

DaddyBear wrote: »

So what? My !!!!!!'s bigger than yours.

Exactly!!

Kenny pontificates the posting of rubbish, but along with his new little sidekick iveseenthelight they just !!!!! at other posters and get personal.:), so fake.

The icing on the cake for me is Iveseenthelight cracking his silly little joke and Kenny has to be seen "roaring with laughter" a post after it,Mmmmm

Does this remind anyone on here of certain types of playground behaviour:)

Kenny4315

The_Fox wrote: »

Whatever you say Kenny:)

I always find when people start getting too personal towards individuals it speaks volumes.
Just remember i am on here attacking what see as a flawed business model and not anyone person, i don't(rarely) attack indivduals, unlike you.

I think the saying "He protesteth too much" is quit apt for your little rant.

Maybe you should read your posts then before posting your juvenile anti BTL posts, or the personal ramping up council houses suggestions you have made.

I always find when people talk s..t, it speaks volumes. :money:

The_Fox_3

Kenny4315 wrote: »

what a load of S..., wages are the reason not house prices. The Chinese and Indians, have millions of workers prepared to work really hard for virtually no money, or even the Polish (coming to the UK) are prepared to work harder than UK citzens for less money, simple as.

Before the house price boom UK industry was already ....ed, and has been declining for decades.

The problem in the UK is everyone wants everything handed on a plate and moan about it when they haven't got what they feel is OWED to them, instead of taking personal responsibility for it.

What an ugly little world you live, can you see colour?

System

Still, on the plus side, at least you aren't all bitter and depressed about it.

The_Fox_3

Kenny4315 wrote: »

Maybe you should read your posts then before posting your juvenile anti BTL posts, or the personal ramping up council houses suggestions you have made.

I always find when people talk s..t, it speaks volumes. :money:

Kenny Kenny!!!

It's nearly possible to feel your blood pressure rising through the screen:)
Lets leave it now, i am sure most people on here believe you tales of wealth, and if it makes you feel better you are a far better person than me, using your form of measurement that is.